Martingale Asset Management L P Has $785,000 Stake in Upbound Group, Inc. $UPBD

Key Points

• Martingale Asset Management L P reduced its stake in Upbound Group, Inc. by 35.1%, selling 17,686 shares and lowering its ownership to 32,770 shares worth approximately $785,000.
• Insider Jeffrey J. Brown purchased 1,653 shares at $25.90 each, increasing his ownership in Upbound Group to 89,400 shares valued at over $2.3 million.
• Equities analysts have mixed expectations, with one rating a hold, while another maintains an outperform rating and a new price target of $35, reflecting a decrease from previously $40.

Martingale Asset Management L P decreased its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 35.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,770 shares of the company's stock after selling 17,686 shares during the quarter. Martingale Asset Management L P owned 0.06% of Upbound Group worth $785,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of UPBD. TD Private Client Wealth LLC lifted its position in Upbound Group by 59.9% in the first quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock worth $31,000 after purchasing an additional 491 shares during the period. CWM LLC grew its stake in shares of Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after purchasing an additional 493 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Upbound Group by 2.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company's stock worth $577,000 after purchasing an additional 600 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Upbound Group by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 28,301 shares of the company's stock valued at $678,000 after purchasing an additional 692 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Upbound Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,515 shares of the company's stock worth $890,000 after buying an additional 1,122 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Upbound Group Stock Down 1.7%

Shares of NASDAQ UPBD traded down $0.45 during mid-day trading on Friday, reaching $25.41. The company had a trading volume of 506,569 shares, compared to its average volume of 742,858. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 14.28 and a beta of 1.74. The stock has a fifty day moving average of $24.45 and a two-hundred day moving average of $24.21. Upbound Group, Inc. has a 12-month low of $19.65 and a 12-month high of $36.00.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, equities research analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Tuesday, June 17th. Upbound Group's payout ratio is currently 87.64%.

Analysts Set New Price Targets

UPBD has been the subject of a number of recent research reports. Raymond James Financial reiterated an "outperform" rating and set a $35.00 price objective (down previously from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Wall Street Zen upgraded Upbound Group from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.50.

Insider Activity

In other news, Director Jeffrey J. Brown purchased 1,653 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was acquired at an average price of $25.90 per share, with a total value of $42,812.70. Following the purchase, the director owned 89,400 shares in the company, valued at $2,315,460. This represents a 1.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.